What is the California Waters Edge Election and how does that affect taxation for certain taxpayers with offshore business income and assets? The California water's edge election was established in 1986 and was designed to restrict California's "application of the worldwide combined reporting method of determining income from California sources." Instead...
FTB Increases Audit and Collections Capabilities
The FTB's investment in new IT systems is starting to pay off for the California tax agency. The FTB increases audit and collections capabilities thanks to the integration of several IT platforms that allow the agency to collect more information "upstream" that inform FTB agency actions after returns are submitted....
Change in Leadership at the California Board of Equalization
There has been a change in leadership at the California Board of Equalization or BOE. The new Executive Director David Gau is a graduate of San Diego State University. Director Gau began as an auditor with the BOE in 1981, and has contributed at many levels throughout the BOE, most...
IRS Tax Season Has Officially Begun
The IRS tax season has officially begun, as the Internal Revenue Service began accepting income tax returns for 2015 yesterday. Allen Barron is working with individuals and businesses to prepare and file federal and state tax returns. Remove all of the hassle of working with the IRS, the FTB or...
California Tax Return Preparation
If you need assistance with California tax return preparation or filing, or face issues with the FTB, EDD, or BOE regarding a tax collection, wage garnishment of levy we invite you to contact the experienced tax, accounting, business and legal professionals at Allen Barron. We are uniquely positioned to assist...
California Lawmakers Work to Eliminate Conflict of Interest for BOE Tax Board
California lawmakers are working on legislation that would eliminate potential conflict of interest for the Board of Equalization or BOE tax board. California has the only elected tax board in the country, and there are concerns regarding contributors to board members campaigns and decisions by the board on tax related matters. ...
You Have the Right to Appeal California and IRS Tax Collections
US and California taxpayers have the right to appeal California and IRS tax collections. The IRS and California's BOE, EDD and FTB have extensive powers to put levies against your bank accounts, as well as file a wage garnishment and reduce your paycheck. They can place liens against your house...